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we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not do. bill: i mentioned the senate hasn't passed a bulge net four years. bya because you asked, rich writes, how can you determine how much you will need to increase the debt ceiling without a budget? how do we understand that riddle? >> that is exactly correct. a budget process engages the entire senate, and the united states people in a national discussion of how much taxes, how much spending, how much debt we're going to be able to have and get by and do. and so that is really, really critical, and that process has been gone for four years. we are stumbling fro
we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not...
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Jan 28, 2013
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they want to be able to get the salaries tax-deferred. eventually there is a little code put into the tax called the 401k and these high and executives get the right to put their money aside on tax-deferred basis. no one thinks anything of this except for one man who and he sees that why can this be all of us and he gets the administration to agree with his viewpoint on this in the early 1980's. the next part which almost nobody foresaw is the idea that we demand that we don't have to give people pensions, dewey? the 401k could substitute and this is where the corporate cost cutters began and they say even if you are going to match at 3% or 6% is a lot cheaper than funding the pension. besides a lot of people won't find out any way is so don't worry about that but surely over a period of many years, the numbers drift out to where we are today. >> host: this is all happening when the stock market was just waging in the 80s and 90s and people thought there were going to get 25% returns a year. >> guest: there is the opposition except for th
they want to be able to get the salaries tax-deferred. eventually there is a little code put into the tax called the 401k and these high and executives get the right to put their money aside on tax-deferred basis. no one thinks anything of this except for one man who and he sees that why can this be all of us and he gets the administration to agree with his viewpoint on this in the early 1980's. the next part which almost nobody foresaw is the idea that we demand that we don't have to give...
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yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying into these big cities? >> i think b the rental is very good if you want the exit strategy of a rental. they're go
yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're...
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i have seen this, a social security is going to be cut and your taxes will be raised. have a two-thirds chance of outliving retirement savings. but they present their solution that is often high commission like a variable annuity sert -- summer good and some not so good but to be presented to you they are not the ones you want to be at. and come with extremely high cost basis and you cannot get yourself out without difficulty. and you could do a global search and i guarantee you'll find the stuff. >> a good steak? >> the one i went to is hysterical apparently the advice is give out the food after the presentation and so they're not distracted but my experience it was just a lot of hungry people. i was sitting there waiting and waiting and waiting and they kept saying to the kitchen is delayed. the kitchen is delayed. i would not say it was four-star but there's a whole theory what type of restaurant to go to and it should be a good restaurant. nolo end. but it is not too high and. and also as one person told me said never do italian the seniors have delicate stomachs.
i have seen this, a social security is going to be cut and your taxes will be raised. have a two-thirds chance of outliving retirement savings. but they present their solution that is often high commission like a variable annuity sert -- summer good and some not so good but to be presented to you they are not the ones you want to be at. and come with extremely high cost basis and you cannot get yourself out without difficulty. and you could do a global search and i guarantee you'll find the...
SFGTV2: San Francisco Government Television
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a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know you're coming to herminie. woman: the aroma in 90-degree days... can sometimes just want to knock you over. woman: we have water. we have power, we have gas, but we have no sewage. i guess when they laid out the town years ago, it just all went into the pipes and straight into the "crick." sabljak: i've lived here 43 years in the same house. when i moved here, they told us that sewage would be here shortly. and here it is 43 years later and we still don't have it. my husband and i went to the first meeting. he always said, "boy, i'll never see it in my lifetime." well... my
a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know...
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>> president has said it has reached out across the aisle various things with economic reform but tax reform, immigration reform. i don't have a crystal ball but i think that there is little doubt that the president would be willing to compromise if the other party is willing to meet him part of the way. but the other party's job is to see how much it can get for its side and given the issues that we have been through such as the fiscal cliff, the fact is there's no way out of the issues without compromise but i do think that we will see compromise on something like immigration reform because demographics is destiny and the republicans as well as the democrats recognize that they have to share some support for the immigration reform if they are not going to in the case of the republicans lose the span of the population permanently. to the republican party. so, the president has already i believe shown a willingness to compromise, and all of the data shows that the republicans are the party that has moved to the right and the left although both parties are extreme, so i feel that we ar
>> president has said it has reached out across the aisle various things with economic reform but tax reform, immigration reform. i don't have a crystal ball but i think that there is little doubt that the president would be willing to compromise if the other party is willing to meet him part of the way. but the other party's job is to see how much it can get for its side and given the issues that we have been through such as the fiscal cliff, the fact is there's no way out of the issues...
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>> they have to pay back tax and have a noncriminal record. they hto be able to understand and study history. they have to get in line behind everrone else. they will be grantedded legal stall us but they get behind everyone else who has waited legally for green card status. >> and military service? anyone think about requiring a year or two of military service? >> if the military could use people for a y or two could be in ou minute enlistment is four but there is a proposal one dream act to acrate their path, the young people who are brought here at children by parents that military service and schooling could be part of it and high-tech, those would graduate with ph.d.'s and others in the high technology, wet a way to keepm in the united states. >> senator schumer pointed out @%u like to get g right away, and he said maybe day one we can moveas soon as its rough the senate and passes the house. my concern sir, tell me where i am wrong, i happensthat quickly, will we have a flood of illegals coming across the border to beat the clock saying
>> they have to pay back tax and have a noncriminal record. they hto be able to understand and study history. they have to get in line behind everrone else. they will be grantedded legal stall us but they get behind everyone else who has waited legally for green card status. >> and military service? anyone think about requiring a year or two of military service? >> if the military could use people for a y or two could be in ou minute enlistment is four but there is a proposal...
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than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio. if takers were just welfare recipients it was 2%. i have to tell you nobody ever won an election demonizing such a small percentage of americans. well, hardly anyone. [ laughter ] the idea that republicans characterized even social security and medicare as halmakes of a takers society -- hallmarks of a taker society i'll let the speakers describe it. >> we built it. >> you better bel
than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul...
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they have to pay back the taxes. the reality, you are not going to do anything with the 11 million. republicans can say all they want about it, the anti-immigration republicans say all they want but a fool's game. they can't stop it. >> greg: the fear here is we want people to come here and love america. we want people to understand freedom. not free stuff. this is a country, not a game show where the point, the moment you walk in you get stuff. my fear is that ethnic politics has changed the country so it's not a melting pot. it's a pie of preferences. it's no longer the u.s.. it's you versus me. you are not an american. you are a black or hispanic. you are gay. you are straight. that's what worries me. we may be sacrificing this idea of patriotism in american unity before -- we have to teach people who are coming here why this place is special. >> kimberly: to love it. >> greg: it's not about the free stuff. it's about the freedom. >> kimberly: i agree. >> greg: i want to talk about something i find concerning about the left. the left is worried about the low-income workers. we do
they have to pay back the taxes. the reality, you are not going to do anything with the 11 million. republicans can say all they want about it, the anti-immigration republicans say all they want but a fool's game. they can't stop it. >> greg: the fear here is we want people to come here and love america. we want people to understand freedom. not free stuff. this is a country, not a game show where the point, the moment you walk in you get stuff. my fear is that ethnic politics has changed...
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they're already working here and are paying some taxes. this will get them fully on the tax rolls. even more important than that for the future of the economy, this will give us the workers we need the the future. both high skilled workers like scientists and low skilled workers that will help grow the economy. >> i would really like to know how you overcome zen phobia. the idea that immigrants come here and steal our jobs. i mean, i always felt the fact of the matter is they're often doing the jobs the locals don't ef want to do. but how do we get over that? >> obviously people are wary of this, but when -- people do -- for example, many americans now realize that they're not raising their kids to be farm workers. many americans realize that they're not raising their kids to be home health aides. home health aid is the fastest growing job in america right now. americans realize that's not what they're raising kids to be. the fact of the matter is, most americans are in the middle of the education spectrum. we've mostly graduated from high school, but we don't have the ph.d.s, we d
they're already working here and are paying some taxes. this will get them fully on the tax rolls. even more important than that for the future of the economy, this will give us the workers we need the the future. both high skilled workers like scientists and low skilled workers that will help grow the economy. >> i would really like to know how you overcome zen phobia. the idea that immigrants come here and steal our jobs. i mean, i always felt the fact of the matter is they're often...
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works and the undocumented immigrant haves to pass a background check, learn english english, pay back taxes and fines and then go to the back of the line of immigrants to become americans. this is very similar to what the white house has been pushing but will conservative republicans and voters think this program is amnesty and refuse to support it? it was a contentious of the presidential campaign and the die outchotomy defined not just the parties but the candidates. tomorrow the president heads to las vegas. here's a preview from his inaugural address. >> our journey is not complete until we find a better way to welcome the hopeful, striving immigrants who still see america as a land of opportunity. until bright young students and eng neerls are enlisted in the workforce rather than expelled from the country. >> let's start with luke rus effort on the hill. what are you hearing this time about what people on the hill are saying about this bill? kit get through? >> reporter: well, there's sort of two cliche things from capitol hill today, toure. number one, renewed optimism around the leg
works and the undocumented immigrant haves to pass a background check, learn english english, pay back taxes and fines and then go to the back of the line of immigrants to become americans. this is very similar to what the white house has been pushing but will conservative republicans and voters think this program is amnesty and refuse to support it? it was a contentious of the presidential campaign and the die outchotomy defined not just the parties but the candidates. tomorrow the president...
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require those with no serious criminal background to register with the government, pay a fine and back taxes, but not before federal authorities put more unmanned drones and agents along the border. the plan also includes a guest worker program that loosens restrictions for people who work in the agricultural industry as well as the children of illegal immigrants. democratic senator robert menendez helped draft the proposal. >> first of all, americans support it in poll after poll. secondly latino voters expect it. thirdly, democrats want it. fourth republicans need it. >> reporter: the last time congress attempted to overhaul the nation's immigration laws was in 2007. the bill pushed by president george w. bush went down in flames after republicans argued it amounted to amnesty for illegal immigrants. gop senator john mccain says things will be different this time. >> i'll give you a little straight talk. look at the last election. look at the last election. we are losing dramatically the hispanic vote which we think should be ours for a variety of reasons, and we've got to understand that.
require those with no serious criminal background to register with the government, pay a fine and back taxes, but not before federal authorities put more unmanned drones and agents along the border. the plan also includes a guest worker program that loosens restrictions for people who work in the agricultural industry as well as the children of illegal immigrants. democratic senator robert menendez helped draft the proposal. >> first of all, americans support it in poll after poll....
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exceptional offer ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all stations come over to mission a no go call. go. this is for real this time. we are on step seven point two one two. we have entered our two minute hold. cabin venting has been inhibited. copy that. sys two, verify and lock. command is locked. flight computer state has entered auto idyll. three, two, one. the falcon 9 has launched. preparing for nose cone separation. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. . >>> four people are under arrest in kexz connection with this weekend's deadly fire at a brazilian nightclub. we have more on the top stories with a horrendous story. >> two arrested are the club's owners other two are members of the band who were performing. it coincided with a pyrotechnics show that may have c
exceptional offer ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all stations come over to mission a no go call. go. this is for real this time. we are on step seven point two one two. we have entered our two minute hold. cabin venting has been inhibited. copy that. sys two, verify and lock. command is locked. flight computer state has entered auto idyll. three,...
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the next four points, illegal immigrants register, pay fine and back taxes plus pass background check. work history and current employment required. illegal immigrants at back of the line. exceptions for immigrants who came to u.s. as children and farm workers. >> here what we're seeing is the fairness component. if you came here illegally we are going to give you a shot at the american dream, citizenship, but you got to go to the back of the line. that's what differs from the 1986 immigration reform. where they just said, apply for citizenship. you can get long-term residency for five years. then become a citizen. that left a very bad taste in people's mouth. especially if you've been here waiting in the legal route. >> real quickly let's show everybody the federal government new cnn/orc poll. the question being should the federal government develop a plan for undocumented immigrants to become legal residents? 53% say yes. then we have this. this is really interesting, victoria. because this bipartisan group of senators coming out today almost stealing the thunder from the president'
the next four points, illegal immigrants register, pay fine and back taxes plus pass background check. work history and current employment required. illegal immigrants at back of the line. exceptions for immigrants who came to u.s. as children and farm workers. >> here what we're seeing is the fairness component. if you came here illegally we are going to give you a shot at the american dream, citizenship, but you got to go to the back of the line. that's what differs from the 1986...
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this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready
this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long,...
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headlines he when he suggested he could move out of his home state of california because of potential tax hikes on high income earners there. on wednesday, mickelson apologized for making his feelings so public. >> i love this state, i mean, i grew up here, i love it here and i'm certainly concerned for it. my apology is for talking about it publicly because i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change over these issues. >> mike: oh, phil, think about all of your friends in california, all the folks in hollywood who use their celebrity to try to affect change. i mean, think about how many different commercials we have to suffer through during an election season to see celebrities telling us to vote for their favorite candidate. you have a right to earn the money that you've earned. and you actually have a right to keep more than 37% of it. instead of apologizing, use that incredible platform and voice. and remind us all that we shouldn't be ashamed of being successful. it's the american dream. but it's also part of the american night
headlines he when he suggested he could move out of his home state of california because of potential tax hikes on high income earners there. on wednesday, mickelson apologized for making his feelings so public. >> i love this state, i mean, i grew up here, i love it here and i'm certainly concerned for it. my apology is for talking about it publicly because i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change over these issues. >>...
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he raised the taxes i pay and then turned marriage gay. and now he's coming after your glock. [ laughter ] [cheers and applause] poet laureate, please. now, i'm not going to do a critical deconstruction of obama's partisan screed masquerading as an inaugural speech. now is not the time to criticize. i will just say this, it was a clear call for a radical, collectivist agenda. listen to this language. >> we, the people, still believe that enduring security and lasting peace do not require perpetual war. we, the people, still believe that every citizen deserves a basic measure of security and dignity. for we, the people-- we, the people-- we-- we-- we-- >> stephen: we, we, we. all the way home. [ laughter ] this little piggy is sick of it! socialist overreach is coming. by february we'll all be chained up in solar-powered asparagus gulags being force-fed birth control pills by illegal immigrants who gay-marry us to endangered sea turtles. [ laughter ] my advice: find a good looking turtle-mate soon; you don't want to end up with a butter-bea
he raised the taxes i pay and then turned marriage gay. and now he's coming after your glock. [ laughter ] [cheers and applause] poet laureate, please. now, i'm not going to do a critical deconstruction of obama's partisan screed masquerading as an inaugural speech. now is not the time to criticize. i will just say this, it was a clear call for a radical, collectivist agenda. listen to this language. >> we, the people, still believe that enduring security and lasting peace do not require...
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and we've done a lot of the tax. we really can't get there through further tax increases or through discretionary spending. it's got to be through entitlements which means the health care sector. if we don't get serious about it, we are going to make ourselves extraordinarily vulnerable, and the president didn't do it so far. one hopes he does it in the state of the union. >> ed, republicans have had a terrible record over the past decade when it comes to spending, when it comes to deficits, when it comes to debt. george w. bush added $6 trillion in debt, the president, $6 trillion over one term. but democrats are going to have to look at medicare and medicaid. this just can't -- you can't tax your way to solvency, can you, with these programs? >> you can't. i mean, we have made over $1 trillion in cuts at the last continuing resolution. that was a good thing. we've raised revenues, $600 billion in revenue, that was a positive step. we've got, joe, at least $2.5 trillion to go. and i think richard's right. i'd say it
and we've done a lot of the tax. we really can't get there through further tax increases or through discretionary spending. it's got to be through entitlements which means the health care sector. if we don't get serious about it, we are going to make ourselves extraordinarily vulnerable, and the president didn't do it so far. one hopes he does it in the state of the union. >> ed, republicans have had a terrible record over the past decade when it comes to spending, when it comes to...
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temporary taxes passed. the budget looks a lot better. i think this was the governor's chance to pivot, to pivot to talking about what makes california great, how we get them back on track. don't worry, we're getting there. so i took this as a real optimistic speech with a lot of details, a lot of brown history facts. and really a message i think not only to the legislature but to the public of, like, i'm watching it. we're going to be careful, but we're going to move forward. >> and, john, you mentioned he was very quirky in his speech. clearly the governor is enjoying his popularity right now and quoted everyone from philosophers and poets. let's take a listen. >> i'm sorry, say again? >> the most diverse, creative and longest standing mass migration in the history of the world. that's california, and we are sons and daughters. this special destiny never ends. it slows. it falters. it goes off the track. and ignorance and prejudice but soon resumes again. more vibrant and more stunning in its boldness. >> so, john, how has the speech be
temporary taxes passed. the budget looks a lot better. i think this was the governor's chance to pivot, to pivot to talking about what makes california great, how we get them back on track. don't worry, we're getting there. so i took this as a real optimistic speech with a lot of details, a lot of brown history facts. and really a message i think not only to the legislature but to the public of, like, i'm watching it. we're going to be careful, but we're going to move forward. >> and,...
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new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or
new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth...
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and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able to tell for the next election of what they did. they recognize that the president has had a lot of capital. he will use it. but for them, and it's not -- we talked about, they're split but there are some people saying thousand can we influence things? -- saying how can we influence things? chris: why don't they start passing bills in the house on background checks? >> more willingness to move forward on immigration than anything that hags the word gun in it. chris: thank you. when we come back, scoops and predictions right from t ♪ secondhand smoke affects everyone's health. it's not just
and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able...
SFGTV: San Francisco Government Television
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Jan 28, 2013
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i have for you as a copy, in your binder, the tax and treasurer's office has modified their business registration form. it's now a one-page form and it includes the sb1186, sb 1186 requires that each local municipality collect a dollar per business registration or license to go towards inspection or inspectors, mostly with the municipality department of department of building inspection and also for ongoing outreach education, helping businesses in compliance with their construction-related accessibility improvements. of the dollar, $0.70 is to stay in the local municipality. $0.30 goes to the state. 5% of that $0.70 goes to administering and processing of collecting the dollar and the rest of the 65% comes back to working on inspectors and helping get inspectors become inspectors with the department of building inspection and our outreach education ongoing and helping businesses comply with the construction-related accessibility requirements. so dbi and i have started a conversation just about how we're going to be constructing working with the funds. obviously right now there is no
i have for you as a copy, in your binder, the tax and treasurer's office has modified their business registration form. it's now a one-page form and it includes the sb1186, sb 1186 requires that each local municipality collect a dollar per business registration or license to go towards inspection or inspectors, mostly with the municipality department of department of building inspection and also for ongoing outreach education, helping businesses in compliance with their construction-related...
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the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still think unfortunately washington and the ranker and the political system remains one of them. >> it sounds you're not as worried about washington. >> we're sadly becoming immune to their antics. >> we'll leave it there. good to see you. thank you so much. >>> about ten minutes to go before we close it up on monday on wall street here. dow jones industrial average still hanging in just below 13,900. >>> well, it has been the feud that continues to be the buzz on wall street. >> and in 2003 i get a call from this ackman guy. he's like the cry baby in the schoolyard. >> carl icahn does not ha
the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still...
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taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax climate is 31st out of fifty states. that's mediocre at best. we are not even in the top half of all states. missouri is 16th. colorado is 18th. kansas is 26th. wyoming and south dakota are one and two. only iowa ranks lower at 42nd. while rankings are important, this is really about the next generation of nebraska's leaders -- our sons and daughters, and our grandchildren. how many of you have sons and daughters, grandchildren, brothers and sisters and other family members who no longer live in nebraska because t
taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax...
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this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going to hurt economic growth. you'll never catch up. you'll shut down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration cuts, these automatic spending cuts that are put in place because republicans and democrats can't agree, so you have to have this sword that comes down, you said we're not going to let those happen. those will not happen, those automatic spending cuts. well, now we have a new deadline coming up in a couple of months that says there's going to be more automatic spending cuts, the same ones that were in place before. >> that's right. >> are you going to let those happen? >> if mitt romney and i won the election, they would not have happened because we would have gone and worked
this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going to hurt economic growth. you'll never catch up. you'll shut down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration...
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we should start this new attempt hopefully with full understanding of how difficult the tax is. and finally, last couple of days we have been ability to event what was called a nuclear option in the united states senate. a lot of people don't appreciate how important it was for us to get that done. chuck schumer and i and others and dick durbin were involved a bistart san effort to avert that. we were able to do that with the co-leaders. there is a desire for bipartisanship here in this body. i think we can show the country and the world that we are capable of tackling this issue, a looming and terrible issue that has to be resolved in a bipartisan basis and i believe the majority of the american people support such an effort and i want to thank my colleagues again and the ever congenial senator schumer. >> now we'll have the even more congenial senator durbin. >> i want to thank my colleagues. john mccain, thanks. we have been down this road before but i feel very good about our chances this time. chuck, thank you for your leadership on this. i'm sure that marco and bob and lin
we should start this new attempt hopefully with full understanding of how difficult the tax is. and finally, last couple of days we have been ability to event what was called a nuclear option in the united states senate. a lot of people don't appreciate how important it was for us to get that done. chuck schumer and i and others and dick durbin were involved a bistart san effort to avert that. we were able to do that with the co-leaders. there is a desire for bipartisanship here in this body. i...
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you're going to cut taxes, you cut taxes nation. cut rates, you don't target. targeting and particularly at the state and local level, targeting is where giveaways take place. targeting is where, it's where you play with, you figure out ways to appeal to people. so what that means is if you're in a time when broad-based tax cuts is no longer a realistic strategy, then the only way to get past where we are now is through economic growth, right? economic growth is the only solutions, cross sector economic growth is the only solution to we fell in government coffers so that the money that would have to come direct from the taxpayer and reducing the debt and reducing the deficit. >> and under those conditions, here's where it gets interesting your it has been tax cuts. that is the policy, what is the republican solution is, as i think you're the first person to lay out succinctly as anybody, is a series of governmental reforms that are brushed, that make policies more coherent, that allow both on the tax side and the health care reform side of health care cost side
you're going to cut taxes, you cut taxes nation. cut rates, you don't target. targeting and particularly at the state and local level, targeting is where giveaways take place. targeting is where, it's where you play with, you figure out ways to appeal to people. so what that means is if you're in a time when broad-based tax cuts is no longer a realistic strategy, then the only way to get past where we are now is through economic growth, right? economic growth is the only solutions, cross sector...
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when we tax our job creators more than our foreign competitors tax theirs, they win. we lose. >> he's not really for that. >> he says so, but he has yet to put out a vision or agreement to make good on these promises. we hear the rhetoric but never see the results. and more importantly, businesses know we have to close this deficit. businesses know we can't keep spending money we just don't have. businesses budget. washington hasn't had a budget for four years. the president and his party have been in charge of washington during this time. they have not budgeted for four years. and businesses know that you can't operate an enterprise, let alone the federal government, without budgeting. >> let me have you respond to this other argument about entitlements, about the role of government. and the president really launched it as part of his inaugural address when he said this. >> we recognize that no matter how responsibly we live our lives, any one of us, at any time, may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make
when we tax our job creators more than our foreign competitors tax theirs, they win. we lose. >> he's not really for that. >> he says so, but he has yet to put out a vision or agreement to make good on these promises. we hear the rhetoric but never see the results. and more importantly, businesses know we have to close this deficit. businesses know we can't keep spending money we just don't have. businesses budget. washington hasn't had a budget for four years. the president and his...
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the obama administration passed the tax package. on "meet the press" in the spring of 2009, geithner said the government couldn't afford to wait. >> we can leave it as it is, hope banks will earn their way out of this process over time and i am certain that would create the risk of a deeper, longer recession. again, the classic lesson in financial crises is governments wait to act, they wait too late and that means more damage to the economy, higher deficit in the future, greater cost for the taxpayer. we're not prepared to take that approach. >> it seemed like each time one crisis subsided, another cropped up, a faltering housing market, the european debt market. according to the numbers, the results have been mixed. the economy was losing an average of 651,000 jobs in the three months before geithner was sworn in. in the last three months in his, the economy added an average of 150,000 jobs. the dow has gone from 8,000 has gone now to almost 14,000. the number of unemployed has gone from 11.6 million to 12.2 million. geithner told
the obama administration passed the tax package. on "meet the press" in the spring of 2009, geithner said the government couldn't afford to wait. >> we can leave it as it is, hope banks will earn their way out of this process over time and i am certain that would create the risk of a deeper, longer recession. again, the classic lesson in financial crises is governments wait to act, they wait too late and that means more damage to the economy, higher deficit in the future,...
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. >> it's not just the money being made and all the taxes being evaded it's the condition of the places and the health risks posed to mothers, at one point last year a young baby was actually dropped and that child died. the mother's now trying to sue the hotel operator, harris. >> harris: wow, dominic di-natale, thank you very much. it's a sunday night tradition, but tonight, peter slegr is not getting micced up to join me at home basin side the fox report. nope, he's going to come up live from new orleans. he's rolling like a rock star tonight just before the super bowl. and even if people don't get into football, all that much. sometimes they like to make a pick of their own. so who are you picking to win the super bowl? even the orangutan knows who she loves. ♪ ♪ >> one week from super bowl sunday. fox sports.com peter is already there now. he's usually sitting next to me on a sunday night, no, tonight he's in new orleans robbing elbows-- i should say rubbing elbows with the scene setters out there. what's it look like? >> i'm going to be here eight days and tough assignment. i
. >> it's not just the money being made and all the taxes being evaded it's the condition of the places and the health risks posed to mothers, at one point last year a young baby was actually dropped and that child died. the mother's now trying to sue the hotel operator, harris. >> harris: wow, dominic di-natale, thank you very much. it's a sunday night tradition, but tonight, peter slegr is not getting micced up to join me at home basin side the fox report. nope, he's going to come...
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with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history of making bad business decisions in illinois. we sold the parking meter rights, and weave given away cash flows for 20 years on out. this is no surprise, and it's the worst in the union now, and it's not better because we're on a negative watch as well again. where we go from here is we have to see a massive exodus of people like myself or anybody get behind this. we're in trouble. are you or anyone else in illinois going to do a mike dirk mickelson or sarkozy in do you see a lot of tax refugees pouring out of illinois, you
with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history...
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she did raise taxes and regulate the oil companies. i think she could have been interesting if she decided to be. it looks like she wanted to be a celebrity. >> that's the thing. that was the calculation and even accepting the v.p. spot with mccain was okay, what is this going to do for sarah. it wasn't what is this going to do for the country or alaska. it made alaska into something of a laughingstock for electing her when, you're right she actually -- i threw out there she wasn't an effective governor. she wasn't a good governor but she actually did do some things like you said, she did raise taxes which is something that everybody always forgot about when she was running and talking about you know, the taxes being too high. >> so she's the thinking man's michele bachmann. >> oh, wow! that's painful. >> that made my brain hurt. >> that creates some kind of vortex in space and time. >> john: i think we've given her more time than she deserves. i will tell everyone that to read rude's book. he has hilarious commentary on her. the ten n
she did raise taxes and regulate the oil companies. i think she could have been interesting if she decided to be. it looks like she wanted to be a celebrity. >> that's the thing. that was the calculation and even accepting the v.p. spot with mccain was okay, what is this going to do for sarah. it wasn't what is this going to do for the country or alaska. it made alaska into something of a laughingstock for electing her when, you're right she actually -- i threw out there she wasn't an...
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evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that.
evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to...